What cryptocurrency to invest in 2018
As the market has grown, many new cryptocurrencies have emerged in West End.
Note: Market capitalization of any cryptocurrency is the number achieved when the total number of coins is multiplied with the value of one coin.
These cryptocurrencies are often referred to as “Altcoins” as they provide an alternative to Bitcoin in West End. It can be a difficult task to choose the best altcoins, as there are thousands of options out there.
If you are looking to find the best altcoins in West End in 2018 then you don’t need to look any further. I will cover the most promising altcoins in this guide. I will talk about their historical trends, technology, uniqueness and what can be expected in 2018.
By the end of this guide you should have a fair idea about the top altcoins 2018. With this information in hand, you can go to a financial consultant to plan your cryptocurrency investment for 2018.
So, let’s have a look at the best performing altcoins for 2018.
Next Cryptocurrency to Invest in 2018 For People in West End
Even if Zcash is predominantly new to the market, it has covered several grounds in such a short span. The CEO, Zooko Wilcox-O’Hearn is forward thinking and continuously plans of growth and expansion strategies. At the moment, Zcash has around 21 million coins in transactions. Investment in Zcash is easy as you can enjoy a certain level of anonymity and can get the detailed report of the transactions you’ve carried out, hence making it one of the best cryptocurrencies to invest.
Zcash Price for today is $206.893. Its current circulating supply is ZEC 4,381,944 with a market cap of $906,593,488. You can convert ZEC to BTC at best rates from CoinSwitch.
Digital Dash should be included in top cryptocurrency list, when it comes to investment opportunities. Although it was created in 2015, its market capitalization hit $2,036,525,273.Within this short span, they have consistently handled about $100 million worth of transactions daily as they are safe and secure.
Dash Price for today is $265.183. Its current circulating supply is DASH 8,201,809 with a market cap of $2,174,980,229.
Two names always pop in our minds when we talk about blockchain and innovation- Vitalik Buterin and Da Hongei. The former as we know is the creator of Ethereum, wherein the latter is the creator of NEO coin. The NEO technology is underpinned by a Delegated Byzantine Fault Tolerant system, which adds sophistication to the system. Its improved proof of stake tech makes it one of the best cryptocurrencies to invest in.
By now, you might have got a fairer idea of the common West End cryptocurrencies which will be good for investment in 2018. As stated earlier, investment is a risky process so it shouldn’t be rushed. You should always take investment decisions in a logical manner.
NEO Price for today is $38.1769. Its current circulating supply is NEO 100,000,000 with a market cap of $2,481,498,500
Steemit, the blogging, and social media platforms have decided to venture into cryptocurrencies. Activities like writing blogs and comments will award tokens to the writers. This token can be used for payment of other things on the platform. This is booming as more and more budding writers are showing their interest in this social media creative writing enabler.
Steem Price for today is $1.63258. Its current circulating supply is STEEM 282,833,303 with a market cap of $434,036,427.
Cardano is the distributed computing platform that implements blockchain technology for the ADA coin. As a decentralised blockchain platform, Cardano is an entirely open-source cryptocurrency project. Cardano is also the first cryptocurrency platform, based on the Haskell code, an industrial product used for mission-critical systems.
Cardano Price for today is $0.183765. Its current circulating supply is ADA 31,112,483,745 with a market cap of $4,764,488,117.
In spite of its occasional increase, Tron is attracting more and more investors. The reason is that most of the investors are realizing its potential in the upcoming months. Buying when low is the holy grail in the cryptocurrency bible. Launched by Justin Sun, Tron is set on a decentralized platform. Fast and secured transactions can be made with the help of this currency. The main motive is to promote and support the entertainment industry which enables all the users to upload and download various types of media without the intervention of third parties like Google Play Store and other middlemen parties.
TRON Price for today is $0.0408425. Its current circulating supply is TRX 99,000,000,000 with a market cap of $2,685,317,250.
Cryptocurrency exchange Australia For West End residents
These days there are a huge amount of cryptocurrency exchanges, so which one should you be using?
In Australia our options are limited, but luckily the two main exchanges are excellent. We’ve compiled the top 10 best exchanges in our table below including information on the location, currency, available cryptocurrencies and the fees.
Our rating is based on the most important factors such as security, ease of use, fees and support.
CoinSpot is by far our most recommend exchange for Australians, their platform is the easiest to use and their online wallet makes trading pain free. With CoinSpot you can keep any coins you buy in their online wallet and it doesn’t have the same risk as keeping it on regular exchanges. Almost all other exchanges require you to buy the coins then move them off to an external wallet for safety reasons which becomes a hassle. CoinSpot makes day trading incredibly easy, allowing you to buy/sell/swap coins instantly. The team at CoinSpot are incredibly helpful and being Australian based they are always active when you need them.
One of the things we like most about CoinSpot is their interaction with the community and how they are constantly listening to users to improve their platform. If you would like a new coin added to their coin list then you can post a message on their Facebook wall, if it gets enough likes/traction they’ll work to add it ASAP. They are very quick to add new coins that come out of ICO which is great if you are looking to invest in emerging coins. Check out our more in-depth review page which provides much more information on the business, it’s history and more technical aspects.
Best cryptocurrency West End
Bitcoin, a better-known cryptocurrency and arguably the current gold standard for cryptocurrency investments, gained over 1300% in 2017. More than a dozen other cryptocurrencies outperformed Bitcoin with gains ranging from 3300% up to Ripple’s astounding 36,000% gain.
The granddaddy of all cryptocurrencies, Bitcoin was first and is the most well-known cryptocurrency on the market. It also benefits from the largest market cap and is among the most highly traded cryptocurrency, assuring liquidity in the short-term. Bitcoin is the king when it comes to retail adoption, leading all other cryptocurrencies in terms of acceptance as a payment medium. Down significantly from its all-time high of over $20,000 per Bitcoin, BTC may have plenty of room for growth despite an increasingly crowded field of competitors.
2. Ethereum (ETH)
As the currency and platform that made “smart contracts” part of the cryptocurrency market’s vocabulary, Ethereum has seen massive gains since its introduction in 2015. Currently trailing only Bitcoin in regard to market capitalization, Ethereum has become one of the most widely discussed cryptocurrency projects in the world.
A consortium of some of the biggest names in the business, including Microsoft, Intel, Chase, and J.P. Morgan are building business-ready versions of the software that drives Ethereum. With momentum and market enthusiasm behind the Ethereum project, there’s no reason to think Ethereum has run its course and investors should consider Ethereum as part of a cryptocurrency portfolio.
3. Ripple (XRP)
Ripple diverges from much of its cryptocurrency competitors in a number of ways. Ripple is an invention of Ripple Labs, and the Ripple token is being used in high-speed and low-cost money transfers worldwide. Ripple Labs has announced a number of partnerships with leading money transfer services, with more financial market partnerships expected in the future. Unlike many cryptocurrencies that trade on hopes and dreams, Ripple is being used in the real world today, showing signs of future adoption within the financial market community.
Ripple rise in value over 36,000% in 2017, but similar gains may not be likely going forward.
4. EOS (EOS)
Another cryptocurrency with smart contracts like Ethereum, and which is gaining in popularity is EOS. EOS is credited with being the first blockchain operating system, offering decentralized applications that live on the blockchain and parallel processing, enabling faster transaction speeds and better scalability than some competitors. Transactions on the EOS network are free. Many competitors, including Ethereum, have a transaction fee for transferring coins or tokens from one wallet address to another.
EOS concluded its year-long ICO in May of this year, raising a total of $4 billion. The longer-duration ICO was done in an attempt to create an orderly market for EOS without the dramatic run-up and sudden crash common to cryptocurrencies when launched. YTD performance for EOS is flat, with less volatility than has been seen with some competitors. Enthusiasm for the project remains high, and EOS is one of the most actively traded cryptocurrencies on exchanges.
5. Bitcoin Cash (BCH)
Bitcoin Cash, a fork of the original Bitcoin project, is one to watch, as it’s the fourth largest cryptocurrency by market cap. If forced to level criticism against Bitcoin in its current form, slow transaction speeds are among its primary challenges. Bitcoin cash was developed using modified code from the Bitcoin project that allowed larger block sizes, promoting faster transaction times and better scalability. Although not yet as widely accepted or as widely known as Bitcoin, Bitcoin Cash is still a promising alternative to Bitcoin with an enthusiastic market following.
6. Litecoin (LTC)
Now accepted as a payment method at Overstock.com, Litecoin may also have a bright future. Long-term investors in LTC have been rewarded with up to 20x returns, although a spike in late December 2017 sent the price of LTC to over $350. Litecoin now trades at around $84 USD, and although showing signs of consolidation remains actively traded and is consistently one of the top 10 cryptocurrencies when measured by market cap. Litecoin boasts a faster transaction time than Bitcoin, largely attributed to its use of a different type of algorithm to add transactions to the blockchain. Increased transaction speed also enhances scalability.
My Final thoughts for those in considering digital currency in West End
Cryptocurrencies are still in their formative years. If you’re new to cryptocurrencies, you may be better served by investing only risk capital and by building a portfolio of widely traded West End cryptocurrencies. Initial coin offerings can be tempting, particularly with the parabolic rises common to ICOs. Almost as common is a precipitous fall following the ICO. More established currencies help to prevent some of the volatility and provide better liquidity than found with newly minted digital currencies.
It’s important to learn where a crypto currency can be traded and how big the market is for that crypto currency. Many early investors have found themselves without a viable way to exit the position. If cryptocurrencies are here to stay, some very good opportunities are likely to exist among the most commonly traded currencies, while also minimizing risk due to abandoned projects or lack of liquidity.
Best cryptocurrency exchange in West End
Cryptocurrency exchanges are websites where you can buy, sell or exchange cryptocurrencies for other digital currency or traditional currency like US dollars or Euro. For those that want to trade professionally and have access to fancy trading tools, you will likely need to use an exchange that requires you to verify your ID and open an account. If you just want to make the occasional, straightforward trade, there are also platforms that you can use that do not require an account.
Types of exchanges
- Trading Platforms – These are websites that connect buyers and sellers and take a fee from each transaction.
- Direct Trading – These platforms offer direct person to person trading where individuals from different countries can exchange currency. Direct trading exchanges don’t have a fixed market price, instead, each seller sets their own exchange rate.
- Brokers – These are websites that anyone can visit to buy cryptocurrencies at a price set by the broker. Cryptocurrency brokers are similar to foreign exchange dealers.
What to look out for before joining an exchange
It’s important to do a little homework before you start trading. Here are a few things you should check before making your first trade.
- Reputation – The best way to find out about an exchange is to search through reviews from individual users and well-known industry websites. You can ask any questions you might have on forums like BitcoinTalk or Reddit.
- Fees – Most exchanges should have fee-related information on their websites. Before joining, make sure you understand deposit, transaction and withdrawal fees. Fees can differ substantially depending on the exchange you use.
- Payment Methods – What payment methods are available on the exchange? Credit & debit card? wire transfer? PayPal? If an exchange has limited payment options then it may not be convenient for you to use it. Remember that purchasing cryptocurrencies with a credit card will always require identity verification and come with a premium price as there is a higher risk of fraud and higher transaction and processing fees. Purchasing cryptocurrency via wire transfer will take significantly longer as it takes time for banks to process.
- Verification Requirements – The vast majority of the Bitcoin trading platforms both in the US and the UK require some sort of ID verification in order to make deposits & withdrawals. Some exchanges will allow you to remain anonymous. Although verification, which can take up to a few days, might seem like a pain, it protects the exchange against all kinds of scams and money laundering.
- Geographical Restrictions – Some specific user functions offered by exchanges are only accessible from certain countries. Make sure the exchange you want to join allows full access to all platform tools and functions in the country you currently live in.
- Exchange Rate – Different exchanges have different rates. You will be surprised how much you can save if you shop around. It’s not uncommon for rates to fluctuate up to 10% and even higher in some instances.
Cryptocurrency bitcoin price in West End
Bitcoin fell below $6,000 Tuesday for the first time since June as the majority of cryptocurrencies declined in value.
The world’s largest digital currency by market value tumbled as low as $5,900.38, according to CoinDesk index data, which tracks prices from several exchanges. The cryptocurrency later recovered to $6,125.37, and was down 2 percent as of 5:50 p.m. ET.
Bitcoin came close to hitting its lowest point of the year, last seen on June 18 when it retreated to $5,785.
“What we’re seeing now is a bit of panic selling,” Brian Kelly, founder and CEO of BKCM said on CNBC’s “Power Lunch”. “Investors that were in it, and maybe caught the hype in November and December, are now panic selling out.”
West End Cryptocurrency latest news today
The definition of a cryptocurrency is a digital currency built with cryptographic protocols that make transactions secure and difficult to fake. The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of blockchain makes cryptocurrency theoretically immune to the old ways of government control and interference. Cryptocurrencies make it easier to conduct any transactions, for transfers are simplified through use of public and private keys for security and privacy purposes. These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions.
However, the latest news on cryptocurrencies indicates that because crypto currencies are devoid of a central repository, a digital cryptocurrency balance can be wiped out by a computer crash, a hack, and other unexpected events.
There are a lot of cryptocurrencies on the market, and this only makes it a challenge to choose which ones are worth investing in. Before investing in any altcoin, you have to make sure that it has a potential for the future and long-term plans. Here are four of the best cryptos that are worth looking at in 2018.
Crypto altcoin news
An altcoin, or alternative coin, is pretty self-explanatory. An altcoin is every cryptocurrency alternative to Bitcoin – the first one. Altcoins may differ from Bitcoin in every possible way, such as mining mechanisms, coin-distribution methods or the ability to create decentralized applications.
Although Bitcoin is innovative and massively influential, it has some problems that developers are trying to fix with their own products. There is an altcoin that makes faster transactions, there is an altcoin that is less volatile, there is an altcoin that is more private and so on. There are more than one and a half thousand altcoins on the market at the day this text is written, according to coinmarketcap.com. Altcoins are playing a very important role by expanding boundaries of blockchain possibilities and the scope of applications.
How to buy cryptocurrency in West End
Once you have cryptocurrency it can be relatively easy to trade coins for each other.
The hard part might be getting started and making the first cryptocurrency purchase with Australian dollars. Fortunately, there are still plenty of options once you know where to look.
All of these cryptocurrency brokers and exchanges are known to be legitimate, widely used in Australia and well established, although their quality of customer service, prices and features may vary.
Why use AUD instead of converting it to USD or another currency?
If you have AUD to spend, it’s typically better to use AUD directly where possible. This will often be the case even if it costs a little more overall.
It’s all down to the transfer and currency exchange fees. And until you have cryptocurrency you can’t really avoid them.
What’s the best payment method?
Direct bank transfers, such as POLipay, are usually the most cost-effective option where possible. This is because they’re often fee-free, and can be processed very quickly.
But just because a site accepts AUD doesn’t mean it accepts POLi or direct bank transfers. It also needs to have an Australian bank account for this to work.
Buying cryptocurrency with cash
By finding a seller in West End you can directly hand over cash in exchange for cryptocurrency. But if you don’t trust the seller, this might not be the wisest move.
Instead, you can safely buy crypto with cash through Flexepin vouchers, bitcoin ATMs and other systems.
The upside is that it’s an extremely straightforward and simple way of buying. The downside is that you typically won’t be able to buy too much at once, and might be paying slightly higher prices than you would with a bank transfer.
Find out how to buy cryptocurrency with AUD cash.
Buy bitcoin with credit card
Card for crypto? It’s probably easier than you’d think.
This can be a very easy and quick way of making a purchase, and you can often use it on international exchanges for automatic conversions from AUD to USD. The downside is that it can incur unwanted fees.
Currency conversion via credit card will typically be quite expensive, and you’ll need to watch out for the cash advance rate on the card.
Buying cryptocurrency with PayPal in West End
PayPal and cryptocurrency aren’t necessarily the perfect combination, but for a lot of people, it’s still the best option. The advantage is that you can buy securely from the comfort of home, using tried and tested payment methods and without putting your card details online.
It can also make automatic currency conversions en route, at decent but not great rates. This will be required in most cases.
The main benefit is probably that it’s an exceptionally fast, albeit slightly more complicated, way of getting started. You won’t necessarily need to wait for identity verification either.
It’s not generally the ideal option if others are available, but if you want to buy into crypto fast it can be a decent choice.
This area has an increasing number of cryptocurrency investors:
I’m happy to assist you with free steps and cryptocurrency trading strategies if you are in the areas below:
South Brisbane, Milton, Highgate Hill, Brisbane, Petrie Terrace, St Lucia, Auchenflower, Toowong, Paddington, Spring Hill